Published 15. Dec. 2016

Four Key Modern Supply Chain Challenges

IoT product development challenges existing R&D thinking and enables more impactful product development.
Supply Chain and Procurement

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Speed and Flexibility 

“The speed in which everything is evolving and new things emerging has drastically increased. A couple of years ago, it’s okay to wait for an idea to be implemented. But today, as it can only take minutes or seconds to find out what customer wants, it’s a must to implement and test as quickly as within a week.” – Yrjö Eskola, Senior Vice President, Operations, Posti Group Oyj

“Our customers really want fast and efficient delivery, because they’re living hectic lives, and if that’s the case the supply chain must adapt accordingly.” – Toni Sirviö, Head of Planning Director, Konecranes Oyj

“Things move faster, nowadays, and there are less stocks and less buffer time in the supply chain. So, you need to be more aware of your customers’ demands and more flexible with manufacturing to meet those demands. You also need to know what’s going to happen in the next couple of weeks.” – Lauri Multanen, Production Director, Olvi Oyj

Policy and Transparency

“Digitalization is posing a huge challenge on supply chain policies. Many of them are quite old and are causing production and manufacturing delays.” – Jouko  Latvakangas, Production Manager, Vapo Oy

“Full transparency is a must within the supply chain and all the way to customer delivery. We need to be able to measure everything, especially KPIs, and then share those with our counterparts. We also need to know the cross margin and how it’s developing throughout the network.” – Toni Sirviö, Head of Planning Director, Konecranes Oyj

 The Optimal Supply Chain: Views of Supply Chain, Procurement, and Production Executives

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The interviews were conducted at the 600Minutes Supply Chain in Finland on 20th of September 2016. For more on our upcoming events, visit the Event Calendar »

Symbio will be attending 600Minutes Innovation and Product Development in Finland on the 4th of April 2017

Juha Turunen

Chief Solution Executive, Symbio Finland